MARKHAM, Ontario, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced that it has declared a cash dividend of C$0.042 per common share of the Company for the month of December 2025, which is payable on January 15, 2026 to shareholders of record at the close of business on December 31, 2025. This dividend is designated as an “eligible dividend” within the meaning of the Income Tax Act (Canada). About Extendicare Extendicare is a leading provider of care a ...

MARKHAM, Ontario, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced that it has declared a cash dividend of C$0.042 per common share of the Company for the month of December 2025, which is payable on January 15, 2026 to shareholders of record at the close of business on December 31, 2025. This dividend is designated as an “eligible dividend” within the meaning of the Income Tax Act (Canada). About Extendicare Extendicare is a leading provider of care a ...

Core Points - Extendicare Inc. has completed a private placement of common shares, issuing 10,640,000 shares at an issue price of $18.80, resulting in gross proceeds of approximately $200 million [1][2] - The net proceeds of approximately $192 million will be used to partially fund the acquisition of CBI Home Health by Extendicare's subsidiary, ParaMed Inc. [3] - The private placement was co-led by CIBC Capital Markets and BMO Capital Markets, along with a syndicate of underwriters [2] Financial Details - The total gross proceeds from the private placement amount to approximately $200 million, with net proceeds expected to be around $192 million after deducting underwriters' fees and expenses [1][3] - The previously announced $150 million equity bridge facility will be cancelled following the closing of the private placement [5] Company Overview - Extendicare is a leading provider of care and services for seniors in Canada, operating 99 long-term care homes and delivering approximately 13.5 million hours of home health care services annually [7] - The company employs around 28,000 qualified team members dedicated to providing high-quality care [7]

Core Viewpoint - Expand Energy reported strong earnings for Q3 2025, with adjusted earnings per share of 97 cents, surpassing estimates, while revenues missed expectations but showed significant year-over-year growth [2][3]. Financial Performance - Adjusted earnings per share for Q3 2025 were 97 cents, beating the Zacks Consensus Estimate of 88 cents, and up from 16 cents in the same quarter last year [2]. - Total revenues from 'natural gas, oil and NGL' were $1.8 billion, missing the Zacks Consensus Estimate of $2 billion but significantly higher than $407 million from the previous year [3]. - Average daily production was reported at 7,333 million cubic feet of gas equivalent (MMcfe/day), a 177% increase from 2,647 MMcfe/day year-over-year, exceeding the consensus estimate [4]. Production & Pricing - Natural gas production for the quarter was 6,721 MMcfe/day, up 154% year-over-year, also surpassing the consensus mark [4]. - The average sales price for natural gas was $2.81 per Mcf, a 12% increase from $2.51 per Mcf last year, but below the consensus estimate of $2.84 [5]. Costs & Expenses - Total operating expenses rose to $2.2 billion from $803 million in the prior year, driven by increased gathering, processing, and transportation costs [6]. - Marketing costs increased to $659 million from $192 million year-over-year [6]. Cash Flow & Financial Position - Cash flow from operations was $1.2 billion, up from $422 million in the prior year, with capital expenditures totaling $775 million, resulting in free cash flow of $426 million [8]. - As of September 30, 2025, the company had $613 million in cash and cash equivalents and long-term debt of $5 billion, with a debt-to-capitalization ratio of 21.6% [8]. Future Guidance - For Q4 2025, Expand Energy targets average daily production between 7,200-7,300 MMcfe, and for the full year 2025, between 7,100-7,200 MMcfe [9]. - Capital spending is budgeted between $685 million and $765 million for the upcoming quarter, and between $2.8 billion and $2.9 billion for 2025 [10]. Market Sentiment - There has been an upward trend in estimates for Expand Energy, indicating positive market sentiment [11]. - The company currently holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [13].

Group 1 - EXEL Industries is a French Société Anonyme with a share capital of €16,969,750 [1] - The registered office is located at 54, rue Marcel Paul, 51206 Epernay Cedex, France [1] - The company is registered under the Reims Companies Register (RCS) with the number 095 550 356 [1] Group 2 - As of October 31, 2025, the total number of shares comprising the share capital is 6,787,900 [2] - The theoretical voting rights amount to 9,891,515, while the exercisable voting rights are 9,885,219 after deduction of shares without voting rights [2]

Core Insights - Expand Energy Corporation (NASDAQ:EXE) has garnered significant hedge fund interest, placing it among the top 12 commodity stocks to buy currently [1] - Piper Sandler has reiterated a "Buy" rating on Expand Energy Corporation with a price target of $138 [2] Financial Performance - In Q3 2025, Expand Energy achieved the same production volume with seven rigs, down from 13 in 2023, resulting in year-to-date costs that are 30% lower than competitors [3] - The company reported a 40% increase in well productivity above basin averages and anticipates spending $150 million less to achieve higher volumes in 2025 [3] - Since the October 2024 merger, Expand Energy has reduced gross debt by $1.2 billion and returned $850 million to shareholders [4] Strategic Outlook - Management remains optimistic about long-term growth, driven by Gulf Coast demand, premium contracts like Lake Charles Methanol, and ongoing optimization efforts, despite mixed results in Western Haynesville and early-stage marketing strategies [5] - The company aims to supply 7.5 Bcf/d in 2026 with the same capital expenditures as in 2025 [4]

Core Viewpoint - Expand Energy Corporation (EXE) is financially sound despite the cyclical downturn in the gas market, and a gradual recovery in gas prices is anticipated to benefit the company [1] Company Analysis - The investment idea for EXE shares is based on the expectation of a recovery in gas prices, which could positively impact the company's financial performance [1] Market Context - The gas market is currently experiencing a cyclical downturn, but the long-term outlook remains optimistic as prices are expected to recover gradually [1]

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Expand Energy FY Conference Summary Industry Overview - **Industry Focus**: Natural Gas - **Company**: Expand Energy (NasdaqGS:EXE) Key Points and Arguments Natural Gas Market Outlook - The company maintains a constructive outlook on the natural gas macro environment, heavily influenced by weather patterns and forecasts, which have caused volatility in gas markets [4][5] - A significant surplus of 170 BCF in storage is noted, with production in the U.S. at approximately 108 BCF per day [5] - The company anticipates an increase in demand of 4 BCF per day year-over-year due to LNG growth, particularly with the upcoming Golden Pass facility expected to start operations in February [6][7] Financial Performance and Capital Allocation - Expand Energy projects over $1 billion in free cash flow for the upcoming year and has reduced net debt by over $1 billion this year [8][9] - The company aims to maintain a strong balance sheet, targeting a net debt reduction of at least $1 billion for 2026, with a potential to achieve negative net debt [9][10] - The focus on capital allocation is to enhance shareholder value, particularly during down cycles, by potentially buying back shares [11] Production and Operational Efficiency - The company plans to produce 7.5 BCF per day in 2026 at a mid-cycle price of $3.50-$4, optimizing for maximum free cash flow [19] - Significant capital efficiencies have been achieved in the Haynesville region, with break-even costs below $2.75 per unit [21][22] - The company has increased proppant intensity by 10% while reducing overall well costs by approximately 15% compared to previous years [24][25][26] New Asset Development - Expand Energy has acquired over 75,000 acres in the Western Haynesville area for less than $180 million, viewing it as a low-cost entry point for future growth [31][32] - The new East Texas position is strategically located near growing consumer markets, including the Dallas Metroplex, which is expected to drive demand [32] Marketing and Demand Generation - The company is actively enhancing its marketing capabilities to achieve better pricing for its products and reduce cash flow volatility [40][41] - The Lake Charles Methanol (LCM) deal exemplifies the company's strategy to facilitate new demand and secure premium pricing [42][43] - Expand Energy anticipates 11 BCF per day of incremental demand growth in the U.S. by 2030, with a focus on industrial users [43] International Market Exposure - The company is exploring opportunities for international market exposure, including potential deals similar to the Gunvor agreement, which connects them to Asian prices [48][49] - Expand Energy aims to build customer relationships across the entire value chain to reduce volatility and enhance profitability [50][52] Appalachian Assets - The company sees potential in its Appalachian assets, particularly with a recent acquisition in Southwest Appalachia, which is expected to yield significant upside [61][62] - The focus remains on developing the upper Marcellus region, where longer laterals can be drilled at lower costs, enhancing capital efficiency [62][65] Additional Important Insights - The company has made strategic investments in a sand mine to improve completion efficiency and reduce costs [23][24] - Expand Energy is leveraging its experience in high-pressure, high-temperature resources to optimize operations in new areas [36][37] - The company is cautious but optimistic about entering long-term supply agreements for power generation, ensuring that economics work for both parties involved [54][55]

Core Insights - Extendicare Inc. announced the acquisition of CBI Home Health for a cash purchase price of $570 million, which will enhance its service offerings and strengthen its market position in home health care [2][3][11] - The acquisition is expected to generate significant synergies and improve financial metrics, including a projected 20% accretion in AFFO per share and 15% in earnings per share [9][11] Acquisition Details - The acquisition will be funded through a combination of a $264.5 million upsizing to Extendicare's existing credit facility and a $200 million bought deal private placement equity offering [5][15][16] - CBI Home Health delivered over 10 million hours of care annually across seven provinces, with a revenue of approximately $477.9 million and an Adjusted EBITDA of $61.9 million for the twelve months ended July 31, 2025 [10][11] Financial Metrics - The acquisition price represents an estimated purchase price multiple of 9.4x CBI Home Health's Adjusted EBITDA, which could improve to approximately 8.4x after accounting for expected synergies of about $7.4 million [11][12] - Extendicare's pro forma total debt to Adjusted EBITDA ratio is projected to be 3.3x as of September 30, 2025, post-acquisition [8][15] Strategic Rationale - The acquisition aligns with Extendicare's growth strategy by enhancing its capabilities in home health care and expanding its geographic footprint, particularly in Western Canada [6][9] - The combination of ParaMed and CBI Home Health is expected to improve access to community-based care and leverage technology for better customer experience and cost efficiencies [6][9] Offering Details - Extendicare plans to issue 10.64 million common shares at a price of $18.80 per share, aiming for gross proceeds of approximately $200 million from the private placement [5][17] - The closing of the offering is anticipated around December 3, 2025, subject to regulatory approvals [17]